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USD/MYR drop, V2
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AVFAN
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Nov 13 2015, 08:29 PM
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QUOTE(Showtime747 @ Nov 13 2015, 06:25 PM) Am surprised RM is holding up well even when WTI is 41.xx now. Not bad... i got a feeling you will want to take back that "not bad" next week. QUOTE IEA Says Record 3 Billion-Barrel Oil Stocks May Weaken Prices http://www.bloomberg.com/news/articles/201...y-weaken-prices
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TSwil-i-am
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Nov 13 2015, 10:11 PM
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QUOTE(tidurking @ Nov 13 2015, 10:02 PM) Yeah seems like calm b4 the storm...I hope its a shit storm lol...hope it hits 5.5 yeahhhhh Wat if MYR stays @ 4.40 +/- level?
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nexona88
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Nov 13 2015, 10:13 PM
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QUOTE(tidurking @ Nov 13 2015, 10:02 PM) Yeah seems like calm b4 the storm...I hope its a shit storm lol...hope it hits 5.5 yeahhhhh let's it break 4.50 first, before we talk about 5 & 5.50 This post has been edited by nexona88: Nov 13 2015, 10:13 PM
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chengcheng
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Nov 13 2015, 10:17 PM
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Getting Started

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QUOTE(Showtime747 @ Nov 13 2015, 06:25 PM) Am surprised RM is holding up well even when WTI is 41.xx now. Not bad... Possible malusia gomen supporting it?
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nexona88
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Nov 13 2015, 10:25 PM
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QUOTE(chengcheng @ Nov 13 2015, 10:17 PM) Possible malusia gomen supporting it? some people started converting USD into MYR back
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nexona88
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Nov 13 2015, 10:32 PM
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QUOTE(tidurking @ Nov 13 2015, 10:26 PM) See the graph also confirm got malaysia government support...if not I think drop to 4.8 long time liao then tell me why BNM foreign reserve didn't go to USD 80bil level how gomen can "support" without using the foreign reserve?
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TSwil-i-am
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Nov 13 2015, 10:39 PM
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QUOTE(tidurking @ Nov 13 2015, 10:36 PM) Aiyah nobody know for sure but I look at graph for quite some time and recently thr zig zag graph I confirm got some external force protecting RM hope that external factor will die soon kacau the downhill trend fpr RM! Aka invisible hands
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nexona88
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Nov 13 2015, 10:41 PM
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QUOTE(tidurking @ Nov 13 2015, 10:36 PM) Aiyah nobody know for sure but I look at graph for quite some time and recently thr zig zag graph I confirm got some external force protecting RM hope that external factor will die soon kacau the downhill trend fpr RM! external force protecting RM? if not BNM, then who? syndicated playing with it
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Ramjade
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Nov 13 2015, 10:44 PM
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QUOTE(wil-i-am @ Nov 13 2015, 10:39 PM) Aka invisible hands  The only one I can think of is US. Maybe US is protecting malaysia so that TPPA can be signed.  After sign, no more protection.
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nexona88
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Nov 13 2015, 10:48 PM
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QUOTE(Ramjade @ Nov 13 2015, 10:44 PM) The only one I can think of is US. Maybe US is protecting malaysia so that TPPA can be signed.  After sign, no more protection. if that so, US shoud make malaysia happy by "support" until MYR 4
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Showtime747
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Nov 13 2015, 10:58 PM
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QUOTE(AVFAN @ Nov 13 2015, 08:29 PM) i got a feeling you will want to take back that "not bad" next week.  Everything happened with a reason. There must be a reason why RM did not tank today despite the oil price drop and not-so-good GDP data. Just that we don't know the reason Maybe next week the reason unbeknown to us will continue ?
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Showtime747
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Nov 13 2015, 10:59 PM
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QUOTE(chengcheng @ Nov 13 2015, 10:17 PM) Possible malusia gomen supporting it? Something is happening
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nexona88
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Nov 13 2015, 11:01 PM
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QUOTE(Showtime747 @ Nov 13 2015, 10:59 PM) Something is happening  what? share share lor sharing is caring
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Showtime747
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Nov 13 2015, 11:06 PM
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QUOTE(nexona88 @ Nov 13 2015, 11:01 PM) what? share share lor sharing is caring  I am just guessing the rumour is slowly materialising. Nothing much
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AVFAN
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Nov 13 2015, 11:06 PM
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you guys think too much la... mana ada conspiracy theory?! just watch it go to 4.40, then 4.45, 4.50... This post has been edited by AVFAN: Nov 13 2015, 11:06 PM
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nexona88
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Nov 13 2015, 11:07 PM
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QUOTE(Showtime747 @ Nov 13 2015, 11:06 PM) I am just guessing the rumour is slowly materialising. Nothing much  what rumour?
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Showtime747
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Nov 13 2015, 11:12 PM
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QUOTE(nexona88 @ Nov 13 2015, 11:07 PM) what rumour?  Rumour about "the company" loh....
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nexona88
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Nov 13 2015, 11:15 PM
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QUOTE(Showtime747 @ Nov 13 2015, 11:12 PM) Rumour about "the company" loh.... oh yeah. got 2 things going on.. sungai besi land & energy assets
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TSwil-i-am
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Nov 13 2015, 11:39 PM
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WTI Crude Oil have broken USD41 mark n trading @ USD40.82, down 2.23% now
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nexona88
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Nov 13 2015, 11:49 PM
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1.00 USD = 4.39519 MYR
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